企业的数字化蝶变，背后是萍乡市安源区打通数据从"无形资源"到"有形资产"转化通道的系统性探 索。2024年至今，安源区把分散"沉睡"的公共数据和企业数据加工成可流通、能增值的数字产品，累计 获得数据资产质押融资授信6800万元。 曾经"沉睡"的公共数据与企业数据，加速变为"流动的资本"。为让数据"流得动、用得好"，安源区 搭建了两个平台：一个像"超市"，汇聚了会计、法律、评估等92家服务商，帮企业把数据"打包上架"； 另一个像"市场"，让数据产品能买能卖。安源区政务服务和数据管理局工作人员李亚飞介绍，两个平台 配合数据要素运营中心，让安源从数据应用者升级为区域数字服务提供者。 李亚飞：我们全区"一中心、两平台"形成了一个"数据服务超市"般的生态体系，不仅能服务于本地 企业，同样也吸引了贵州等地的数据企业开展深化合作，推动了数据资源的产品化、商品化和价值化。 央广网北京1月8日消息（记者范存宝 江西台记者黄肇 萍乡台记者谢文）据中央广播电视总台中国 之声《新闻和报纸摘要》报道，中央经济工作会议提出，要坚持创新驱动，加紧培育壮大新动能。江西 省萍乡市安源区曾因煤炭资源枯竭陷入困境，如今通过推进数据要素市场化配置改 ...

格隆汇1月7日｜耐克在一份声明中证实，已于去年12月16日出售旗下数字产品子公司RTFKT，公司及 其社群"正开启新篇章"，但未透露买家及出售条款。声明补充道，耐克将继续投资于实体、数字和虚拟 环境中创新产品和体验的交付。 ...

在全国"丝路云品"电商月活动带动下，前11个月，重点监测平台进口商品零售额增长5.6%，放大电商联通国内国际消费市场的渠道效应。 央视网消息（新闻联播）：记者12月19日从商务部了解到，今年前11个月，我国电子商务持续激发消费活力，数字消费、线上服务成为增长牵引力。商务部 重点监测平台数字产品增长8.2%，其中智能穿戴、智能机器人分别保持两位数增长，线上服务消费增长21.7%。 网络零售提品质，释放内需潜力。1—11月，商务大数据监测农村网络零售额增长9.8%。平台创新主体地位不断强化，前三季度主要电商平台平均研发强度 达8.3%。 ...

央视网消息：记者12月19日从商务部了解到，今年前11个月，我国电子商务持续激发消费活力，数字消费、线上服务成为增长牵引力。 CCTV/13) CGTV/13 y " 网络零售提品质，释放内需潜力。商务部重点监测平台数字产品增长8.2%，其中智能穿戴、智能机器人分别保持两位数增长，线上服务消费增长 21.7%。 丝路电商促合作，深化互利共赢。全国"丝路云品"电商月活动带动前11个月重点监测平台进口商品零售额增长5.6%，放大电商联通国内国际消费市场的 渠道效应。 电商平台助转型，增强创新驱动。1—11月，商务大数据监测农村网络零售额增长9.8%。平台创新主体地位不断强化。前三季度，主要电商平台平均研 发强度达8.3%，在AI云、自研文生视频和文生图像大模型等领域水平位居世界前列。 eday 13 平台创新主体地位不断强化 前 2 3 5 主要电商平台平均研发强度 达8.3% 在AI云、自研文生视频 和文生图像大模型等领域水平 位居世界前列 CCTV/13 新 间 61 b IC 0 3 8 6 III L D HOR DE REA III MIL 11 = II H II II D II II S NOT I ...

人民财讯12月19日电，商务部电子商务司负责人介绍2025年1—11月我国电子商务发展情况，网络零售 提品质释放内需潜力。深入实施《关于大力发展数字消费共创数字时代美好生活的指导意见》，数字消 费、线上服务成为增长牵引力。据国家统计局数据，1—11月全国网上零售额增长9.1%。商务部重点监 测平台数字产品增长8.2%，其中智能穿戴、智能机器人分别增长22.1%和19.4%，线上服务消费增长 21.7%。网络零售带动快递业务量快速增长，据国家邮政局数据，截至11月30日我国快递业务量突破 1800亿件，创历史新高。 ...

同时，药物、食物成瘾问题日益严重。在过去，各种毒品不断迭代，令西方社会头疼不已；如今，一些 看似"体面"的公司巧妙地诱导人们对垃圾食品上瘾，成为新隐患。 一些食品公司是罪魁祸首之一，它们在产品中精心调配糖、盐和脂肪的比例，使其具有令消费者难以抗 拒的吸引力。超过2/5的美国人体重达到肥胖标准。加上数字公司设计的巧妙算法，让我们不停地点击 和滑动屏幕，疯狂购入高糖高盐食品。 虚假信息混淆视听 令人成瘾的不光是垃圾食品，海量的碎片化信息同样让人欲罢不能。互联网已成为一台分散注意力的机 器：新闻标题铺天盖地，电子邮件不断涌来，特价优惠不断弹出。但这只是众多干扰因素之一：24小时 新闻节目中还在提供更多信息，汽车配备了全方位娱乐系统。在这个喧嚣新世界中成长起来的年轻人发 现，他们很难长时间集中注意力或完成复杂的任务。所谓的"弗林效应"（即平均智商在过去几十年里持 续上升）自本世纪初以来已出现逆转迹象。 美国彭博社 11 月 26 日文章，原题：西方世界正面临可怕的新 " 巨人 " 第二次世界大战的胜利不仅体现在 刀光剑影的战场上，也为后世带来福祉。早在1942年，英国政府曾承诺，一旦纳粹战败，就要消除英国 经济学家威 ...

Group 1 - The core viewpoint of the article highlights the robust growth of China's new productive forces, particularly in high-end manufacturing, innovative industries, and the integration of digital and physical sectors, which injects new vitality into economic development [4][5][6]. Group 2 - In high-end manufacturing, sales revenue in October increased by 7.3% year-on-year, consistently outperforming the average level of the manufacturing industry, with its share nearing half of the manufacturing sector [5]. - The three major manufacturing sectors reported sales revenue growth of 27.2%, 24.4%, and 10.1% respectively, indicating strong performance [5]. - The innovative industries experienced a year-on-year sales revenue growth of 13.6% in October, maintaining a double-digit growth rate [6]. - High-tech service and manufacturing sectors also contributed to this growth, with significant increases in sales revenue [6]. - The integration of digital and physical sectors showed an 8.5% year-on-year growth in sales revenue, reflecting ongoing advancements in the digital economy [7]. - The core industries of the digital economy saw sales revenue growth of 9.6%, with digital product services and digital technology applications growing by 10.2% and 13.1% respectively [8].

Core Viewpoint - Westinghouse Air Brake Technologies Corporation (Wabtec) reported strong third-quarter 2025 results, with both earnings and revenues exceeding estimates and showing year-over-year growth [2][3]. Financial Performance - Quarterly earnings per share reached $2.32, surpassing the Zacks Consensus Estimate of $2.23, marking a 16% year-over-year increase due to higher sales, operating margin expansion, and share repurchase benefits [3]. - Revenues totaled $2.88 billion, exceeding the Zacks Consensus Estimate of $2.86 billion, reflecting an 8.4% year-over-year growth driven by the Freight and Transit segments [3]. Segment Performance - The Freight segment reported net sales of $2.09 billion, an 8.4% increase year-over-year, supported by a 32% rise in Equipment sales and a 45.6% increase in Digital sales due to the acquisition of Inspection Technologies [4]. - The Transit segment's net sales grew 8.2% year-over-year to $793 million, bolstered by strong aftermarket and original equipment sales [5]. Operating Expenses and Financial Position - Total operating expenses rose by $64 million year-over-year to $511 million, with the operating ratio increasing to 17.7% from 16.8% [6]. - The company ended the quarter with cash and cash equivalents of $528 million, down from $1.49 billion in the previous quarter, while long-term debt increased to $5.03 billion from $4.78 billion [6]. Dividend and Guidance - Wabtec paid $43 million in dividends during the reported quarter [7]. - The company raised its 2025 adjusted EPS guidance to a range of $8.85 to $9.05, with revenues expected between $10.925 billion and $11.225 billion [8]. Market Sentiment and Estimates - Recent estimates for Wabtec have trended upward, indicating positive market sentiment [9]. - The stock currently holds a Zacks Rank 3 (Hold), suggesting an expectation of in-line returns in the coming months [11].

Core Economic Performance - In the first three quarters of 2025, China's GDP grew by 5.2% year-on-year, exceeding the previous year's growth by 0.4 percentage points, indicating good progress towards the annual target of around 5% [12][24] - However, the growth rate showed a "front-high and back-low" trend, with the third quarter's growth slowing to 4.8% due to the impact of "anti-involution" policies [12][24] Consumption - Retail sales of consumer goods increased by 4.5% year-on-year in the first three quarters, but the growth rate slowed to 3.5% in the third quarter, primarily due to the diminishing effect of the old-for-new policy and a continuous slowdown in residents' income growth [15][24] - Service consumption remained resilient, with a 5.2% year-on-year increase in the first three quarters, outperforming goods retail growth of 4.6% [15][24] Investment - Fixed asset investment decreased by 0.5% year-on-year in the first three quarters, with a significant drop to -6.2% in the third quarter, driven by weak performance in real estate, infrastructure, and manufacturing investments [16][24] - Real estate investment saw a decline from -12.1% in the second quarter to -19.2% in the third quarter, remaining the largest drag on fixed asset investment growth [16][24] Export - Exports grew by 6.1% year-on-year in the first three quarters, with a slight increase to 6.5% in the third quarter, supported by non-US markets and key products like integrated circuits, electric vehicles, and lithium batteries [17][24] - The easing of US-China trade tensions, including a 10% reduction in average tariffs on Chinese goods, is expected to positively impact foreign trade performance and business expectations in the fourth quarter [25][24] Policy and External Environment - Domestic policies are focused on stabilizing demand, with fiscal measures including the issuance of 500 billion yuan in policy financial tools and an additional 500 billion yuan in local government debt quotas to support project construction and debt repayment [12][24] - Monetary policy has resumed bond purchase operations, emphasizing the use of structural tools to support the economy [20][24] Outlook for Q4 - Economic recovery is anticipated in the fourth quarter, supported by coordinated policy efforts and resilient export performance, making it likely to achieve the annual growth target of around 5% [4][25] - However, potential pressures from high base effects, insufficient internal consumption momentum, and high real estate inventory levels should be monitored [5][24]

Core Insights - The national economy is maintaining overall stability and progress, with industrial value-added growth of 4.9% year-on-year in October and retail sales of consumer goods reaching 46,291 billion yuan, up 2.9% year-on-year [1][2] Economic Performance - Industrial production remains stable, with significant growth in equipment manufacturing, which increased by 8%, contributing positively to overall industrial growth [2] - The accommodation and catering industry saw a production index increase of 3.9% year-on-year, boosted by the overlapping National Day and Mid-Autumn Festival holidays [2] - Retail sales of consumer goods are expanding, with notable growth in communication equipment (23.2%) and cultural office supplies (13.5%) [2] New Demand and Investment - New demands from the digital economy and platform economy are expanding, supporting stable economic operations [4] - Investment in high-tech sectors is growing rapidly, particularly in new energy, new materials, and artificial intelligence [4][5] - The manufacturing value-added of the digital industry increased by 9.5% year-on-year from January to October, with smart equipment and electronic components growing by 11.1% and 12.3%, respectively [5] Future Outlook - The economy is expected to achieve its annual targets due to favorable conditions, including the continuous release of demand potential and the strengthening of domestic and international market cycles [6][7] - The introduction of 500 billion yuan in new policy financial tools aims to enhance local government financial capacity and stimulate effective investment [7] - Recent economic policies are characterized by moderate efforts to ensure the achievement of annual economic and social development goals while promoting growth and high-quality development [8]